Stride Gaming PLC

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Denjoe
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Stride Gaming PLC

Berichtdoor Denjoe » 05 Dec 2017 19:05

Stride Gaming plc, listed on AIM, is a leading online gaming operator. The Company operates a multi-branded strategy, using a combination of its proprietary and licensed software to provide online bingo and slot gaming and a social gaming mobile application.
About Stride Gaming
Stride Gaming's real money offering is presently focused on the UK market, where it is licensed and only operates from the regulated jurisdictions of the UK and Alderney. The Company has an international reach in the mobile social gaming market with a focus on North America. With a diverse portfolio of 143 brands, Stride Gaming is the third largest online bingo operator in the UK, and has over 25% share of the UK online bingo landscape.

Stride operates a B2B platform, Stride Together, through which the company can license its proprietary platform to gaming operators, media partners and retailers in the UK and globally, enabling them to create an online presence for their customers and enabling Stride to penetrate new and non-bingo verticals both within UK markets and overseas territories.

Current trading and outlook
Building on the momentum of 2017, the Group will continue to invest in its proprietary technology and people to support Stride Gaming’s further growth. We will remain focused on driving organic growth in our core UK real money gaming market whilst continuing to appraise acquisition opportunities and developing new products and markets.

Regulation continues to play a key role in shaping the online gaming industry, particularly in the UK. Whilst the Group is facing external industry pressures such as the second Point of Consumption Tax applied to free bets, the introduction of GDPR legislation and potential changes to advertising regulations for gambling brands, the Board is confident that Stride Gaming’s scale, technology-edge and multi-brand strategy means that we are well positioned to continue to grow and take market share despite these pressures.

Our Values
Passionate

Passionate by being fierce and excited about what we deliver.

Creative

Creative by being pioneers and always leading the way in our industry.

Respectful

Respectful by being thoughtful to those we work with and appropriate in our communications.

Accountable

Accountable by being responsible and having ownership for the work we do.

Collaborative

Collaborative by being dedicated to succeed as a team.

Innovative

Innovative by being original in everything we do.

Our Market
The UK online gaming market is estimated to have totaled £2.46 billion in 2015. Gambling Compliance Research Services (“GCRS”) estimates that UK online gaming NGR will total around £2.69 billion in 2016, and expects segment growth to remain in high single digits over the next few years. UK online gaming NGR is projected to grow 8.1% to £2.91 billion in 2017 before rising a further 8.9% to £3.16 billion in 2018.

Annual results: http://www.stridegaming.com/wp-content/ ... O16.00.pdf
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Re: Stride Gaming PLC

Berichtdoor Denjoe » 05 Dec 2017 19:15

Stride Gaming acquires 51% stake in Passion Gaming

Strategic investment opens up growth opportunities in rapidly growing Indian skills gaming market

Stride Gaming plc (AIM: STR), a leading online gaming operator, today announces it has acquired a 51% stake in Passion Gaming Private Limited (“Passion Gaming”), a Rummy-focused online gaming company operating across India, for a cash consideration of $3.75m. The cash consideration will be invested in the company’s working capital to accelerate growth.


Stride Gaming plc (AIM: STR), a leading online gaming operator, is pleased to announce that it has today agreed the final earn-out consideration payable in respect of its August 2016 acquisition of 8ball Games Limited (“8ball”).
The 8ball’s financial performance has been in line with the Board’s expectations, achieving an unaudited Adjusted EBITDA of £4.18m for the period to 30 August 2017.
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Re: Stride Gaming PLC

Berichtdoor Denjoe » 05 Feb 2018 07:22

Stride Gaming plc
("Stride Gaming", the "Company", or "the Group")
AGM Statement
Positive trading momentum and continued strategic progress
Stride Gaming plc (AIM: STR), a leading online gaming operator, will hold its Annual General Meeting
(“AGM”) at 9.30am today. At the meeting Nigel Payne, Non-Executive Chairman of the Group, will
make the following statement:
“Stride Gaming’s positive trading momentum has continued into the start of the financial year and
the Group’s performance is in line with the Board’s expectations.
“The core Real Money Gaming business continues to perform well, supported by the strength of our
first-class proprietary platform, contributions from the acquired 8ball and Tarco businesses that are
now fully integrated, and the encouraging start of the Aspers Casino partnership.
“The Group has continued to execute on its strategy to develop as a leading online gaming operator,
underpinned by further investment in resources and people across a range of functions including
technology, business intelligence and marketing. Regulation remains central to shaping the future of
online gaming, however as a multi-brand operator with scale, Stride is well placed to manage the
changing regulatory landscape. As a result of this progress, the Board believes Stride Gaming is well
positioned to capitalise on further growth opportunities and deliver value for all stakeholders.”
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Re: Stride Gaming PLC

Berichtdoor Denjoe » 25 Apr 2018 07:50

Stride Gaming PLC Tarco acquisition - earn-out and Issue of Equity
24/04/2018 3:00pm
UK Regulatory (RNS & others)

Stride Gaming (LSE:STR)
Intraday Stock Chart
Today : Wednesday 25 April 2018

Click Here for more Stride Gaming Charts.
TIDMSTR

RNS Number : 9723L

Stride Gaming PLC

24 April 2018

24 April 2018

Stride Gaming plc

("Stride Gaming", the "Company", or "the Group")

Tarco assets acquisition - agreed earn-out and Issue of Equity

Stride Gaming plc (AIM: STR), a leading online gaming operator, is pleased to announce that it has today agreed the final earn-out consideration payable in respect of its August 2016 acquisition of the Tarco assets ("Tarco").

Tarco's financial performance has been in line with the Board's expectations, achieving an Adjusted EBITDA of GBP4.45m, based on the audited results of Tarco for the period of 1 January 2017 to 31 December 2017. As set out in the circular to shareholders dated 3 August 2016, the earn-out payment is based on a multiple of 7.5 times Tarco's Adjusted EBITDA, less the initial consideration, which will be settled in a mix of cash and new ordinary shares.

Subsequently, the agreed final Earn-out consideration is GBP17,352,217 and will be split as previously agreed with GBP7,753,238 to be satisfied by the issue of 3,168,076 new ordinary shares of 0.01p each ("Earnout Shares") at 244.73p, being the average closing price of the ordinary shares for the 90 day period ending on 31 December 2017, and the remainder of GBP9,598,979 payable in cash.

As certain members on the GAL concert party are shareholders of Tarco, the GAL concert party has been deemed to be acting in concert with the other Tarco vendors for the purpose of The City Code on Takeovers and Mergers ("City Code"). Accordingly, the original GAL concert party has been extended to include Michael Weinraub, Assaf Matityahu and Shlomi Zac ("Enlarged GAL concert party"). Following the issue and allotment of the Earnout Shares, the resultant holdings of ordinary shares by members of the Enlarged GAL concert party respectively are as follows:


Number Resultant
of Earnout holding % of issued
Shares of Ordinary Ordinary
Shareholders shares shares

Gal Holdings 2,324,227 18,778,388 24.77%
Izak Cronje 0 16,454 0.02%
Eitan Boyd 185,938 2,611,151 3.44%
Darren Sims 77,474 1,160,984 1.53%
Ukudla 0 859,273 1.13%
Christo Oosthuizen 23,242 351,289 0.46%
Michael Weinraub 187,798 364,764 0.48%
Assaf Matityahu 250,397 584,067 0.77%
Shlomi Zac 119,000 275,992 0.36%
Total for the Enlarged
GAL concert party 3,168,076 25,002,362 32.98%

Application has been made for the 3,168,076 Earnout Shares to be admitted to trading on AIM, with admission expected to take place on 26 April 2018 ("Admission").

Following the issue of the Earnout Shares, there are 75,805,536 Ordinary Shares in issue. The Company holds no Ordinary Shares in treasury and therefore this figure may be used by shareholders of the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Eitan Boyd, Chief Executive of Stride Gaming, commented:

"Tarco is proving an excellent strategic fit for Stride Gaming. We are delighted with the performance of the business which is already delivering synergies. This successful performance to date demonstrates our ability to acquire and integrate quality businesses, in line with our growth strategy."

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.


1 Details of PDMR
---- ---------------------------------------------------------------
(a) Name Eitan Boyd

(Legal title to these shares
is held by Guardian Trust
Company Limited as trustee
for the Alon Trust. The
beneficiaries of the Alon
Trust are Eitan Boyd, his
wife and children
---- ------------------------------- ------------------------------
(b) Position/status Chief Executive Officer
---- ------------------------------- ------------------------------
(c) Initial notification/amendment Initial Notification
---- ------------------------------- ------------------------------
2 Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ---------------------------------------------------------------
(a) Description Ordinary Shares of GBP0.01
of the financial each
instrument ISIN:JE00BWT5X884
---- ------------------------------- ------------------------------
(b) Nature of the Vendor Earn Out consideration
transaction
---- ------------------------------- ------------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) -------------- ----------
244.73 pence 185,938
-------------- ----------
---- ------------------------------- ------------------------------
(d) Aggregated information N/A
Aggregated volume
Price
---- ------------------------------- ------------------------------
(e) Date of the 24 April 2018
transaction
---- ------------------------------- ------------------------------
(f) Place of the Outside a trading venue
transaction
---- ------------------------------- ------------------------------


1 Details of PDMR
---- ----------------------------------------------------------------
(a) Name Darren Sims

(Legal title to these shares
is held by Clermont Corporate
Services Limited in its
capacity as trustee for
the Monkey George Trust.
The beneficiaries of the
Monkey George Trust are
Darren Sims, his wife and
children)
---- ------------------------------- -------------------------------
(b) Position/status Chief Operating Officer
---- ------------------------------- -------------------------------
(c) Initial notification/amendment Initial Notification
---- ------------------------------- -------------------------------
2 Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ----------------------------------------------------------------
(a) Description Ordinary Shares of GBP0.01
of the financial each
instrument ISIN:JE00BWT5X884
---- ------------------------------- -------------------------------
(b) Nature of the Vendor Earn Out consideration
transaction
---- ------------------------------- -------------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) -------------- ----------
244.73 pence 77,474
-------------- ----------
---- ------------------------------- -------------------------------
(d) Aggregated information N/A
Aggregated volume
Price
---- ------------------------------- -------------------------------
(e) Date of the 24 April 2018
transaction
---- ------------------------------- -------------------------------
(f) Place of the Outside a trading venue
transaction
---- ------------------------------- -------------------------------

1. A final earnout payment in cash of GBP455,047 was also made to Guardian Trust Company Limited as trustee for the Alon Trust. The beneficiaries of the Alon Trust are Eitan Boyd, his wife and children. Eitan Boyd is the CEO of Stride Gaming.

2. A final earnout payment in cash of GBP189,603 was also made to Clermont Corporate Services Limited in its capacity as trustee for the Monkey George Trust. The beneficiaries of the Monkey George Trust are Darren Sims, his wife and children. Darren Sims is the COO of Stride Gaming.

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